After slow GDP growth in Q1, core sector output growth muted at 2.1% in July

After slow GDP growth in Q1, growth in core infrastructure industries dropped to 2.1% in July 2019. Muted growth was due to contraction in coal, crude oil, natural gas & refinery product output. In July 2018, these industries had clocked 7.3% growth. In the April-July 2019 period, the 8 sectors grew by 3% vs 5.9% year-on-year. The positive takeaway is that growth in July was better than June 2019 at 0.7%. The new data comes days after GDP growth in April-June 2019 was measured at 5%.